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Sarah Mitchell
Compass Real Estate · ZIP 90242
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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90242 ZIP Code Housing Market
$768,000median sale price
What is the 90242 housing market like right now?
The median home sale price in ZIP code 90242 is $768,000, down 5.2% year-over-year. Homes sell in an average of 38 days with 16 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 90242 ZIP code a buyer's or seller's market?
ZIP code 90242 is currently a balanced market and homes selling in about 38 days. How we determine this →
What are the latest 90242 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $768,000 |
| Median list price | $874,500 |
| Year-over-year price change | -5.2% |
| Average days on market | 38 days |
| Active inventory | 16 listings |
| Sale-to-list price ratio | 101.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 90242 zip code, located in Downey, CA, is currently classified as a balanced market. The median sale price stands at $768,000, representing a -5.2% change year over year. Homes in this area spend an average of 38 days on the market before going under contract. There are currently 16 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 90242 sits in the Downey, CA area, roughly 1.3 miles from downtown Downey. Because home prices are set street by street, this ZIP can move differently from Downey's citywide averages. The figures below reflect 90242 specifically — drawn from Redfin transactions, U.S. Census data for its 40,767 residents, and Zillow value estimates.
Homes sold
26
Last 12 weeks
Days on market
38
Average pace
Active listings
16
Sale-to-list
101.5%
Above asking
Market trends
What is driving the 90242 housing market?
The 90242 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 90242 have declined -5.2% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 90242 stands at $824,775, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,172 per month. This gives a price-to-rent ratio of approximately 31.6, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 90242?
Population
40,767
Median income
$89,075/yr
Median age
37.7 years
Owner-occupied
53.4%
College grads
25.4%
Avg commute
40.03 min
What is it like living in 90242?
Zip code 90242 is home to approximately 40,767 residents. The median household income is $89,075 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 53.4% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 25.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 40.03 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 90242.
Which public schools serve ZIP 90242?
10 schools tracked · 7,312 students
The largest public schools serving ZIP code 90242 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Stauffer (Mary R.) Middle
Grades 6-8 · 1,327 students
Sussman (Edward A.) Middle
Grades 6-8 · 1,218 students
Lewis (Ed C.) Elementary
Grades K-5 · 834 students
Alameda Elementary
Grades K-5 · 757 students
Imperial Elementary
Grades K-3 · 684 students
Carpenter (C. C.) Elementary
Grades K-4 · 642 students
Gauldin (A.L.) Elementary
Grades K-5 · 636 students
Ward (E. W.) Elementary
Grades K-5 · 625 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 90242
What is the median home price in 90242?
The current median sale price in 90242 is $768,000, based on recent Redfin transaction data. Prices have changed -5.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 90242 a buyer's or seller's market?
The 90242 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 90242?
Zip code 90242 has a population of approximately 40,767 residents. The median household income is $89,075 per year. About 53.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 90242?
Properties Incorporated provides comprehensive data for 90242 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 90242 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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